HSBC has announced that is has extended the deadline on its 1.99% two year discount mortgage, which will now remain available until the end of October.
The mortgage, which was launched on 1st September, prompted a leap in consumer interest in HSBC mortgages and led to a total of £245 million of discount mortgages being sold during September alone.
To qualify for the low 1.99% rate, customers must limit their borrowing to 60% of the property value and pay a £1,199 arrangement fee. For 75% loan to value (LTV) the rate rises to 2.49% and for 90% LTV it rises to 3.89% and is only available for home purchasers – not remortgage.
Martijn van der Heijden, head of mortgages at HSBC, said:
“Our range of mortgages have topped the best buy tables for most of the year. We made a commitment to …
Read the original article at Totallymoney
